---
type: decision
entity_type: decision_market
name: "Dean's List: Approve Treasury De-Risking Strategy"
domain: internet-finance
status: passed
parent_entity: "[[deans-list]]"
platform: "futardio"
proposer: "Dean's List team"
proposal_url: "https://v1.metadao.fi/deans-list/trade/4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1"
proposal_date: 2024-12-02
resolution_date: 2024-12-05
category: "treasury"
summary: "Convert DAO treasury from volatile SOL/SPL assets to stablecoins to reduce risk and extend operational runway"
tracked_by: rio
created: 2026-03-24
source_archive: "inbox/archive/2024-12-02-futardio-proposal-approve-deans-list-treasury-management.md"
supports:
- "{'IslandDAO': \"Treasury Proposal (Dean's List Proposal)\"}"
- "IslandDAO: Treasury Proposal (Dean's List Proposal)"
related:
- "{\"Dean's List\": 'Update Liquidity Fee Structure'}"
- "deans-list-update-liquidity-fee-structure"
reweave_edges:
- "{\"Dean's List\": 'Update Liquidity Fee Structure|related|2026-04-18'}"
- "{'IslandDAO': \"Treasury Proposal (Dean's List Proposal)|supports|2026-04-18\"}"
- "Dean's List: Update Liquidity Fee Structure|related|2026-04-19"
- "IslandDAO: Treasury Proposal (Dean's List Proposal)|supports|2026-04-19"
---

# Dean's List: Approve Treasury De-Risking Strategy

## Summary
Dean's List DAO approved converting its treasury ($75,000-$87,000 at $350 SOL) from volatile SOL and SPL token holdings into stablecoins to reduce risk and extend operational runway. The proposal argued this would increase probability of DAO survival from 50% to 90% and boost FDV by 5-20% through improved market confidence in financial prudence.

## Market Data
- **Outcome:** Passed
- **Proposal Account:** 4gaJ8bi1gpNEx6xSSsepjVBM6GXqTDfLbiUbzXbARHW1
- **Duration:** 2024-12-02 to 2024-12-05

## Significance
Demonstrates futarchy-governed treasury risk management where the market validated a conservative financial strategy. The explicit framing of survival probability (50% → 90%) and FDV impact scenarios shows sophisticated quantitative governance reasoning for a small DAO.

## Relationship to KB
- [[deans-list]] — parent entity, treasury management
- [[futarchy-governed DAOs converge on traditional corporate governance scaffolding for treasury operations because market mechanisms alone cannot provide operational security and legal compliance]] — treasury management pattern

## Full Proposal Text

*Source: futard.io, tabled 2024-12-02*

### Impact of De-Risking DL DAO Treasury on Longevity and FDV

#### 1. Longevity Analysis
Treasury valued between $75,000 and $87,000 at $350 SOL (without DEAN in consideration), proposed to be converted into stablecoins.

- Before de-risking: 50% survival probability (subject to market volatility)
- After de-risking: 90% survival probability (stable reserves secured)
- De-risking increases probability of DAO longevity by 40 percentage points

#### 2. Impact on Fully Diluted Valuation
Current FDV: $500,000 (Conservative to accommodate proposal duration)
- Low Confidence Boost (5%): Updated FDV = $525,000
- High Confidence Boost (20%): Updated FDV = $600,000

#### 3. TWAP Calculation
DL DAO FDV: $500,000 → DL DAO FDV + 3%: $515,000